Tokyo and Osaka: most expensive cities in the world

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Perhaps largely to a surge in the yen, Tokyo is back as the most expensive city in the world, followed by Osaka which made a leap from last year when it ranked 11th in the cost of living survey by consultants Mercer.

Moscow falls to the third from the top, while New York jumps to the eighth from the 22th last year.

Lagos (32) and Abidjan (34) are more expensive than San Francisco (34) or Luxembourg (38) while Bratislava (30) and Algiers (40) come higher than Frankfurt (48) or Washington (66).

Birmingham (125) and Wellington (139) are cheaper than Guatemala City (119) or Bogota (120).

Residents in Tokyo would pay £3,751.28 a month to rent a luxury two-bedroom unfurnished appartment while those in Johannesburg would pay just £624.16. A cup of coffee, including service, costs £4.08 in Paris, while it is just £1.80 in Sydney.

Warsaw is the cheapest place to buy a litre of pasturtised whole milk, above 2.5 pct fat (£0.55) while Beijing is the most expensive (£1.82) and Tokyo the second most expensive (£1.79).

Author Profile

Since joining Reuters as a graduate trainee in 2000, Natsuko has reported on issues surrounding global financial markets, monetary policy and central banking from Tokyo, Singapore, London, Paris, Madrid, Davos, Dubai, Moscow and Istanbul. She won the Reuters best scoop of the year in 2007 for a story on China's foreign exchange reserves policy and was also given State Street\'s best journalist of the year award in the same year. Currently based in London, she covers global investment issues and sovereign wealth funds on the Investment Strategy Desk.